# MERCHANTS BANK OF ALABAMA
CULLMAN, AL · FDIC certificate 46 · asset band $300M-1B · latest filing 2021-12 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $383.0M | |
| Deposits | $345.8M | |
| Loans and leases | $190.2M | |
| Total equity | $35.7M | |
| Loans / deposits | 54.32% (p21 of band) | 68.49% |
| Liquid assets / assets | 47.38% (p75 of band) | |
| Uninsured deposits / deposits | 19.67% (p21 of band) | 27.18% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p14 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.26% (p39 of band) | 9.74% |
| Unrealized securities loss / equity | 0.26% (p59 of band) | 0.00% |
| AOCI / equity | -3.20% (p35 of band) | |
| ROA (annualized) | 0.69% (p17 of band) | 1.15% |
| Net interest margin | 3.08% (p34 of band) | 3.31% |
| Efficiency ratio | 75.83% (p83 of band) | |
| Noncurrent loans | 0.09% (p27 of band) | 0.31% |
| Net charge-offs (annualized) | 0.01% (p63 of band) | |
| Reserve coverage of noncurrent | 1377.01% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 58.33% (p69 of band) | |
| Auto loans | $6.3M (3.33% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.3% | |
| Employees | 78 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 1 |  | construction >100% equity |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | assets shrinking |  |
| 2012-09 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2012-12 | 1 |  | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2013-03 | 1 |  |  |
| 2013-06 | 2 | capital falling |  |
| 2013-09 | 2 | charge-offs p90 | capital falling |
| 2013-12 | 1 |  | charge-offs p90 |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | capital falling |  |
| 2018-09 | 0 |  | capital falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | charge-offs p90 |  |
| 2019-06 | 0 |  | charge-offs p90 |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | charge-offs p90 |  |
| 2021-06 | 1 |  | charge-offs p90 |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-08-25 [SouthPoint Bank, Merchants Bank of Alabama announce merger - AL.com](https://news.google.com/rss/articles/CBMinwFBVV95cUxQcS10TzdIZENDZGYwRk5Cb2huTGRIZ204eDZ6emhhaHBSdTMzVkJCMmROUGpSUmFWV2xyM2t4VVViTXc1b2FXZ1Vvd1ZTNllvdjh2YjZSOTBIcjl4Ul9uSWJMcGJQWElTNWlkQlJ5SDV5aEFmWVc3UU5fYTdvQ0lxbkk3NW52NHdVUVhHSmpOdnJjQ29HZndJZEk4enNJbXM?oc=5) · AL.com
- 2021-10-21 [Rising Stars in Alabama banking - Business Alabama Magazine](https://news.google.com/rss/articles/CBMibEFVX3lxTE5YTGNkQkJLUHNxVlZwdXpGV2FCLWlJUFV0RExIUEh4YndWNGo3OVYxekhUTmtBUXFvdkxmcXNYcWZRSDM0WVRVVlllaHNDZi1yXzlSNm5NMUhKUExpOUh6T3JCUmJIYzFhS09NUw?oc=5) · Business Alabama Magazine
- 2024-06-17 [SouthPoint adds longtime shareholder to board - The Business Journals](https://news.google.com/rss/articles/CBMijAFBVV95cUxPeU9ydmFNTVNwRE9EQ0pXcGVLbER0cGV2bHlzd0x5LUt2QWw3ckt1QU1JY09GZzcyT2pwWlpzaGs5S19JcjBTLUJyWTJ5LVlXQnFyQWNtdldTdXh3SC0tRFBFZTY3SmxtbHFXR2h4U1huU3pNS0JVSjhFZjVRRG14YmEzaGhRYjBTeHRKbA?oc=5) · The Business Journals
- 2021-08-30 [SouthPoint and Merchants banks agree on Merger - Banking Exchange](https://news.google.com/rss/articles/CBMinAFBVV95cUxPTFA4eUU1RTlkelNaeXVteldfU0tEMUk4MUoyMWwwQzFBdzFwcWJ5RlNCd3ZlRWhldEExSVVkUVh1SjNNUWpIN1ctWUhkZ2xHZEstZDNsNi14VzFOLVM3WGlYN0g4Zng3YmxNOHpmaFJhdUFSSjFYVXRHcDlWWjAxSkRhTVJKdWVXRThsZUVOOTU4RjBhSkZCYTNzRzc?oc=5) · Banking Exchange
- 2024-06-20 [Cullman’s David Moss joins SouthPoint Bank Board of Directors - The Cullman Tribune](https://news.google.com/rss/articles/CBMipgFBVV95cUxPU0toNFF4UUdPWmFKZm5DbXhDaVg5aGM5bm0ycExDNmU4OXY3T3NWdW5Tb3dUT1o3ZHBMWkRDNmktZlRld0ZYRHhaZ2NNVmNpeDZqbUVtVEFBc0hZbS14R184ZHVqZEtiaW9USXAzUU50ZHM1bjA3MnNCREZQend3VWJHY1ppSFlGeHoyVDkyNXNzMEpMSXJ1R3hsN05LWDFWa3Zmbzln?oc=5) · The Cullman Tribune
- 2023-05-04 [Getting to the Point with Steve Smith: What's on horizon for SouthPoint Bank - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNbVpDMlZWRlBIdUhmSlRGYnNqczg2UkgyYUFkLUthLWx1Y0tXZFk0ODNSS1psT2JybGNBZ2JRQTAxZ1ZBb3ZVVGx5eldfZGpFeDBjb05sQ3FwWWtQVGhnSTRfWXpvdnoxcVJkcVZRSldZUVktZHdDbE5KT0NXSEJ5NjFXQ2JFTm9BVF92Tk9zelBMWVZ6N2NPRWVYZHdwYllqUkhudw?oc=5) · The Business Journals
- 2024-09-16 [New Caliber Collision among high-dollar building permits this week - Bham Now](https://news.google.com/rss/articles/CBMiekFVX3lxTE5LX2xTSy10REdzNFYxMG4zS3pJbmoxbjE5S3FYVjRPMTE3blJUSkczNEVFamMycG8tUk5EaXN5UkR1WnhsNldPdVV4WFRHT1doMTJqYUZ5YW4xMmZUWGc0djVWb3J0UkFBNk01TXNxcTNOQWdWR0gwNGJn?oc=5) · Bham Now
- 2018-10-31 [Merchants Bank donates $21K to local nonprofits - The Cullman Tribune](https://news.google.com/rss/articles/CBMikwFBVV95cUxQR1lFVURWdEpRa0k2R3pGc1RRc2lqejdhNWdESmFKSExZcERteWZfRVRseHZCdUpRZmZ2cjJwWTVMZm9MOEZpS0JrXzVYZ0E1ZmNTVEJaaTd6SjZWRnA5c1VrV2xQRW9lMUVBLWJPSGNHNTRHWklLdHZVemdlUEpyUDRobWx5NUVEajNGYktMOV9XS2M?oc=5) · The Cullman Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=46 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/46.json (key "46", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide